I want to say bottoms in but really can't, all prior corrections have corrected around 84-86%.
Now that doesn't mean 77% correction isn't possible as this is BTC and anything is possible.
But seems like there is much confluence around $10,000 and a push here to $25k would need to keep running in order to invalidate my analysis.
Seems more probable that $24-$26K holds the B wave move and we get a final nuke to $10,000 to finish up this part of the correction.
Looking at weekly, 3D stoch rsi and we see that BTC has hit overbought while struggling to break $22k and flip $20K into support.
Monthly stoch rsi very oversold, but the longer is remains oversold the weaker the move up into overbought can be.
But I think while BTC stays flat to up and finishes working out the Wave B here that many altcoins can pump.
So for now jury is out on bottoms in callers IMO.
Now that doesn't mean 77% correction isn't possible as this is BTC and anything is possible.
But seems like there is much confluence around $10,000 and a push here to $25k would need to keep running in order to invalidate my analysis.
Seems more probable that $24-$26K holds the B wave move and we get a final nuke to $10,000 to finish up this part of the correction.
Looking at weekly, 3D stoch rsi and we see that BTC has hit overbought while struggling to break $22k and flip $20K into support.
Monthly stoch rsi very oversold, but the longer is remains oversold the weaker the move up into overbought can be.
But I think while BTC stays flat to up and finishes working out the Wave B here that many altcoins can pump.
So for now jury is out on bottoms in callers IMO.
If your interested in joining my group DM me for the link. We do Elliot Wave TA give trade signals and set ups. We have channels for all cryptocurrency and also many OTC stocks. TY
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
If your interested in joining my group DM me for the link. We do Elliot Wave TA give trade signals and set ups. We have channels for all cryptocurrency and also many OTC stocks. TY
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.